# 117-hr-4277: Overdraft Protection Act of 2021

117-hr-4277, Overdraft Protection Act of 2021, is a 117th Congress bill sponsored by Rep. Maloney, Carolyn B. [D-NY-12] (D-NY); status Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-4277
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-4277
- Congress: 117
- Title: Overdraft Protection Act of 2021
- Status: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.
- Introduced: 2021-06-30
- Sponsor: Rep. Maloney, Carolyn B. [D-NY-12] (D-NY)
- Cosponsors: 66
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Overdraft Protection Act of 2021 This bill prohibits a financial institution from engaging in unfair or deceptive acts in connection with overdraft coverage. Each financial institution that offers overdraft coverage for accounts must disclose overdraft coverage fees. It must also disclose that the consumer's transaction may be declined if there are insufficient funds in the related account, and the consumer will not be charged a fee if such transaction is declined. A financial institution must provide certain other disclosures regarding its overdraft protection program, including prompt notification of the account's overdraft status. The bill limits the number of overdraft fees a consumer may be charged each month and year, and provides that such fees must be reasonable. The bill prohibits an overdraft coverage fee if the overdraft results solely from a debit hold amount that exceeds the actual dollar amount of the transaction. The bill also prohibits a financial institution from charging a non-sufficient fund fee for any automated teller machine or debit card transaction, or reporting negative information regarding consumer use of overdraft coverage to any consumer reporting agency when the overdraft amounts and coverage fees are paid under the terms of an overdraft coverage program.

## Cosponsors (66)

- Rep. Carson, André [D-IN-7] (D-IN), 2021-06-30T00:00:00.000Z
- Rep. Cicilline, David N. [D-RI-1] (D-RI), 2021-06-30T00:00:00.000Z
- Rep. Cohen, Steve [D-TN-9] (D-TN), 2021-06-30T00:00:00.000Z
- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2021-06-30T00:00:00.000Z
- Rep. Foster, Bill [D-IL-11] (D-IL), 2021-06-30T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2021-06-30T00:00:00.000Z
- Rep. Garcia, Sylvia R. [D-TX-29] (D-TX), 2021-06-30T00:00:00.000Z
- Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ), 2021-06-30T00:00:00.000Z
- Rep. Hayes, Jahana [D-CT-5] (D-CT), 2021-06-30T00:00:00.000Z
- Rep. Khanna, Ro [D-CA-17] (D-CA), 2021-06-30T00:00:00.000Z
- Rep. Lawson, Al, Jr. [D-FL-5] (D-FL), 2021-06-30T00:00:00.000Z
- Rep. Lynch, Stephen F. [D-MA-8] (D-MA), 2021-06-30T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2021-06-30T00:00:00.000Z
- Rep. Moore, Gwen [D-WI-4] (D-WI), 2021-06-30T00:00:00.000Z
- Rep. Newman, Marie [D-IL-3] (D-IL), 2021-06-30T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2021-06-30T00:00:00.000Z
- Rep. Payne, Donald M., Jr. [D-NJ-10] (D-NJ), 2021-06-30T00:00:00.000Z
- Rep. Raskin, Jamie [D-MD-8] (D-MD), 2021-06-30T00:00:00.000Z
- Rep. Rice, Kathleen M. [D-NY-4] (D-NY), 2021-06-30T00:00:00.000Z
- Rep. Rush, Bobby L. [D-IL-1] (D-IL), 2021-06-30T00:00:00.000Z
- Del. San Nicolas, Michael F. Q. [D-GU-At Large] (D-GU), 2021-06-30T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2021-06-30T00:00:00.000Z
- Rep. Sherman, Brad [D-CA-32] (D-CA), 2021-06-30T00:00:00.000Z
- Rep. Sires, Albio [D-NJ-8] (D-NJ), 2021-06-30T00:00:00.000Z
- Rep. Takano, Mark [D-CA-39] (D-CA), 2021-06-30T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2021-06-30T00:00:00.000Z
- Rep. Torres, Ritchie [D-NY-15] (D-NY), 2021-06-30T00:00:00.000Z
- Rep. Trone, David J. [D-MD-6] (D-MD), 2021-06-30T00:00:00.000Z
- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2021-06-30T00:00:00.000Z
- Rep. Espaillat, Adriano [D-NY-13] (D-NY), 2021-07-01T00:00:00.000Z
- Rep. Blumenauer, Earl [D-OR-3] (D-OR), 2021-07-27T00:00:00.000Z
- Rep. Ocasio-Cortez, Alexandria [D-NY-14] (D-NY), 2021-07-27T00:00:00.000Z
- Rep. Napolitano, Grace F. [D-CA-31] (D-CA), 2021-09-03T00:00:00.000Z
- Rep. DeFazio, Peter A. [D-OR-4] (D-OR), 2021-09-17T00:00:00.000Z
- Rep. Neguse, Joe [D-CO-2] (D-CO), 2021-11-30T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2021-12-14T00:00:00.000Z
- Rep. Bonamici, Suzanne [D-OR-1] (D-OR), 2022-02-01T00:00:00.000Z
- Rep. Tonko, Paul [D-NY-20] (D-NY), 2022-02-02T00:00:00.000Z
- Rep. Casten, Sean [D-IL-6] (D-IL), 2022-02-04T00:00:00.000Z
- Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ), 2022-02-15T00:00:00.000Z
- Rep. Omar, Ilhan [D-MN-5] (D-MN), 2022-02-15T00:00:00.000Z
- Rep. Lee, Barbara [D-CA-12] (D-CA), 2022-02-18T00:00:00.000Z
- Rep. Jones, Mondaire [D-NY-17] (D-NY), 2022-02-22T00:00:00.000Z
- Rep. Meeks, Gregory W. [D-NY-5] (D-NY), 2022-03-30T00:00:00.000Z
- Rep. Green, Al [D-TX-9] (D-TX), 2022-03-31T00:00:00.000Z
- Rep. Brown, Shontel M. [D-OH-11] (D-OH), 2022-04-06T00:00:00.000Z
- Rep. Eshoo, Anna G. [D-CA-16] (D-CA), 2022-05-10T00:00:00.000Z
- Rep. Lawrence, Brenda L. [D-MI-14] (D-MI), 2022-05-10T00:00:00.000Z
- Rep. Lowenthal, Alan S. [D-CA-47] (D-CA), 2022-06-07T00:00:00.000Z
- Rep. Jackson Lee, Sheila [D-TX-18] (D-TX), 2022-06-07T00:00:00.000Z
- Rep. Pressley, Ayanna [D-MA-7] (D-MA), 2022-06-07T00:00:00.000Z
- Rep. Speier, Jackie [D-CA-14] (D-CA), 2022-06-07T00:00:00.000Z
- Rep. Kuster, Ann M. [D-NH-2] (D-NH), 2022-06-07T00:00:00.000Z
- Rep. Barragán, Nanette Diaz [D-CA-44] (D-CA), 2022-06-08T00:00:00.000Z
- Rep. Trahan, Lori [D-MA-3] (D-MA), 2022-06-13T00:00:00.000Z
- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2022-07-07T00:00:00.000Z
- Rep. Beyer, Donald S. [D-VA-8] (D-VA), 2022-07-13T00:00:00.000Z
- Rep. Meng, Grace [D-NY-6] (D-NY), 2022-07-14T00:00:00.000Z
- Rep. Lofgren, Zoe [D-CA-18] (D-CA), 2022-07-15T00:00:00.000Z
- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2022-09-21T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2022-09-29T00:00:00.000Z
- Rep. Levin, Andy [D-MI-9] (D-MI), 2022-09-30T00:00:00.000Z
- Rep. Stansbury, Melanie A. [D-NM-1] (D-NM), 2022-10-14T00:00:00.000Z
- Rep. DeSaulnier, Mark [D-CA-10] (D-CA), 2022-10-14T00:00:00.000Z
- Rep. Huffman, Jared [D-CA-2] (D-CA), 2022-11-29T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2021-06-30T00:00:00.000Z

## Related bills

- 117-hr-5577: To designate the facility of the United States Postal Service located at 3900 Crown Road Southwest in Atlanta, Georgia, as the "John R. Lewis Post Office Build…
- 117-hr-3488: John Lewis Every Child Deserves a Family Act
- 117-hr-2252: Emmett Till and Mamie Till-Mobley Congressional Gold Medal Act of 2021
- 117-hr-1948: VA Employee Fairness Act of 2021
- 117-hr-695: USPS Fairness Act
- 117-hr-40: Commission to Study and Develop Reparation Proposals for African Americans Act

## Sources
- [117-hr-4277 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/4277)

## Related
- [117-hr-5577: To designate the facility of the United States Postal Service located at 3900 C…](https://policyrisk.com/legislation/117-hr-5577)
- [117-hr-3488: John Lewis Every Child Deserves a Family Act](https://policyrisk.com/legislation/117-hr-3488)
- [117-hr-2252: Emmett Till and Mamie Till-Mobley Congressional Gold Medal Act of 2021](https://policyrisk.com/legislation/117-hr-2252)
- [117-hr-1948: VA Employee Fairness Act of 2021](https://policyrisk.com/legislation/117-hr-1948)
- [117-hr-695: USPS Fairness Act](https://policyrisk.com/legislation/117-hr-695)
- [117-hr-40: Commission to Study and Develop Reparation Proposals for African Americans Act](https://policyrisk.com/legislation/117-hr-40)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-4277 (as of 2025-11-18).